Transactions, new instructions and prices all slide as uncertainty grips Prime London
'Tepid' Q3 sees transaction volumes down 17% on the same period last year, with new instructions falling by 19%, and prices by 3%; buyers 'reconsidering their options', while vendors 'choosing not to transact', says LonRes
Prime London property transactions jump 14%; instructions up 9% – but prices fall
New LonRes data for Q3 tells of a markedly busier Summer compared to last year in prime London - although the market above £5m remains subdued
Prices are picking up in Prime Central London
LonRes records the strongest annual growth in achieved prices since 2015, but transaction levels 'continue to be constrained by economic and political uncertainty'
Prime London stock levels drying up as new instructions halve
Most areas have seen new listings fall by over 50% since the height of the market in 2014, reports Coutts
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